Personal Loans

Borrowing against the value of your home with a home equity loan can be a smart way to get cash without tapping into savings and investments.

A home equity loan is a mortgage that allows you to borrow up to 80 percent of the appraised value of your home, minus the combined amount of any liens on the home. Interest on the home equity loan may be tax deductible¹, and the cash can be used for anything:

• Home improvement
• Debt consolidation
• Auto purchase
• College tuition
• Medical bills
• Large, unexpected expenses
• Any other worthwhile purpose

Whether you're looking to consolidate debt, remodel your home or pay college tuition, a home equity line-of-credit from Extraco may be right for you.

Much like a home equity loan, a home equity line-of-credit allows you to leverage the equity in your house to meet financial or large purchase goals. And, unlike a traditional loan, you can draw on your credit line as needed, giving you complete control over when you spend the money!

Home equity lines-of-credit also offer many other advantages over other credit options.

• Your interest may be tax deductible.¹
• The interest rate may be lower than other financing options such as credit cards.
• During the draw period you may draw on the line-of-credit, repay, and still access up to the original line amount without reapplying.
• You can draw on the line-of-credit when needed.

Home improvement ideas become reality with Extraco's fast, flexible home improvement loans. We make it easy for you to increase the value of your home with convenient applications, up to 80% financing, quick preliminary loan decisions, flexible terms, low closing costs and no prepayment penalties.

We offer home improvement loans for a wide variety of repairs and renovations, including:

• Room additions
• Custom decks
• Siding
• Swimming pools
• Fencing
• Landscaping